I don’t know what’s worse: that Republican congressman Paul Ryan is viewed as intelligent, or that if the Democrats lose the House, he could be driving economic policy. Not surprisingly, Congressman Ryan has proposed a tax plan that would lower revenues overall (Republicans talk about lower deficits–in practice, they do the opposite); the plan slashes income taxes and institutes a value-added tax (VAT). What is remarkable is that, for 80% of the country, individual tax burdens would increase. You’ll never guess which end of the income spectrum those eighty percent fall into:
Leaving aside jokes about cartoon villains and twirled moustaches, how can anyone think raising the taxes of someone who earns $26,000 per year by $2,000 is a good idea. And that person earning $13,000 will be much better off paying $1,600 in additional taxes. Or something.
This isn’t conservatism, this is assholeism. I have disdain for much of the Obama team’s economic plan. But these Republican ‘ideas’ are just fucking ridiculous. Unfortunately, by setting one end of ‘respectable’ discourse at “drooling moron“, they make the Democrats seem intelligent.
And that’s hard to do.